Deal Details

Providence Makes Equity Investment In Brandt

Technology & Services

Providence equity investment in Brandt, a portfolio company of NexPhase

Summary

Providence Equity Partners (“Providence”) has made an equity investment in Brandt Information Services (“Brandt” or the “Company”), a portfolio company of NexPhase Capital (“NexPhase” or “NPC”). As part of the transaction, NexPhase will retain equity in the Company. Terms of the transaction were not disclosed.

Baird served as financial advisor to Providence on this transaction.

About

Providence is a specialist private equity investment firm focused on growth-oriented media, communications, education and technology companies across North America and Europe. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate attractive returns. Since its founding in 1989, Providence has invested over $36 billion across more than 175 private equity portfolio companies. Providence is headquartered in Providence, Rhode Island.

Brandt is a leading provider of licensing, registrations, reservations and e-commerce solutions for the outdoor recreational market, providing simple, modern and secure technology solutions to conservation agencies and their users. The Company has successfully scaled in the outdoor recreational industry with products and services to support hunting, fishing, boating and camping transactions. Brandt is headquartered in Tallahassee, Florida.

NexPhase is a thematically driven and operationally focused lower middle-market private equity firm that makes control investments in growth-oriented and capital-efficient companies within three distinct industry verticals: healthcare, software and consumer. NPC partners with companies that have reached a growth inflection point and are seeking a value-added partner to help navigate the company’s “next phase.” The NPC team has extensive industry and operational experience and NPC’s partners have invested together for over a decade. NexPhase has completed over 100 investments, including add-ons, and targets control equity investments between $40 million and $150 million. Since inception, NPC has raised and managed approximately $2.6 billion of capital. NexPhase is headquartered in New York, New York.

Technology & Services

Providence equity investment in Brandt, a portfolio company of NexPhase